Thanks Shri Gopalkrishnanji

 We need to allow for commercialization of data

Kris Gopalakrishnan

 

( 22 March 2022 )

 

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https://lnkd.in/dbzmqsmz

 

 

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Extract :

 

 

The govt's Open Data Policy, which recommends MONETIZATION of DATA, must be encouraged, and the country needs to allow for COMMERCIALIZATION of data, S Gopalkrishnan, told ET

 

 

Since the Legal Framework around data is evolving, India must provide LEADERSHIP to balance PRIVATE and PUBLIC interests and spur ECONOMIC ACTIVITY around data, Gopalkrishnan said

 

 

While minimally processed data sets shall be made freely available, detailed data sets that have undergone value addition, transformation and qualify for MONETISATION , may be priced appropriately, it said

 

 

On large companies being apprehensive about DATA LOCALISATION norms under the Data Protection Bill, Gopalkrishnan said,

 

" data about Indians belong to Indians and the ECONOMIC BENEFITS from this, MUST accrue to Indians "

 

 

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Thanks Shri Gopalkrishnanji,

 

 

For supporting :

 

If DEPA = Foundation , then SARAL = Superstructure

 

https://lnkd.in/daiMhRTj

 

 

 

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If DEPA = Foundation , then SARAL = Superstructure

 

Ø  The Bank for International Settlements (BIS) has endorsed India’s  Data  Empowerment  Protection  Architecture (  DEPA  ).